The authorised dealer banks will extend foreign currency financing to the members of BGMEA via borrowing money from EDF.
The newly released directive of the Bangladesh Banks Foreign Exchange Policy Department allows a BGMEA member manufacturer-exporter to get a loan of as much as $20 million via an authorised dealer bank for input purchases against export letter of credit (L/C), firm export contract and inland back-to-back L/C.
The 2008 failure and near-collapse of some of the largest dealer banks underscored the complexity and vulnerability of the industry.
A study of dealer banks finds that their unique sources of financing are highly efficient in normal times, but may be subject to marked and abrupt reductions in stressful times.
Global Banking News-September 15, 2014--BB seeks remittance information from dealer banks
In addition, they would curtail access to capital markets for small municipal issuers that rely on local dealer banks
to underwriter their debe securities.
The Funding Corporation, as agent for the System Banks, issues, markets, and handles System debt securities through a selling group of approximately 40 investment banks and dealer banks
The IILM auctioned a USD490m three-month sukuk to seven primary dealer banks
Funding Corporation utilizes selling groups of investment banks and dealer banks
SS&C's Lightning suite of Internet based information and services helps dealer banks
and their correspondents effectively manage their fixed income portfolios.
The first is a suite of bond accounting, interest rate analytic, and asset liability management services under the brand name PortPro(R), which is primarily sold through dealer banks
and bond brokers.
The following securities dealers and dealer banks
are currently authorized to sell Fannie Mae Investment Notes: A.